Grinding Machinery Market – Global Industry Analysis, by Control Types, Application, Region and Forecast (2023-2029)

Grinding Machinery Market is expected to reach USD 6.76 billion by 2029, with a CAGR of 4.6 % between 2023 and 2029.

Grinding machinery aids in increasing productivity and lowering production costs. Additionally, the grinding process allows for simple loading and unloading of raw materials. Grinding machinery quality, safety, and standards are regulated by numerous regulatory agencies across the world. Raw materials are easily loaded and unloaded throughout the grinding process. Grinding machinery quality, safety, and standards are regulated by numerous regulatory agencies across the world. Grinding gear has a number of advantages, including ease of cleaning, adaptability, and maintenance. Grinder use is quite common all over the world because of these advantages.To know about the Research Methodology :- Request Free Sample Report
Grinding Machinery Market Dynamics
These markets are being driven by improving economies and growing countries. Vendors in the grinding machinery market are benefiting from the increase in the number of industrial and mining operations, as well as technical advancements in grinding machinery. With the rise in CNC competition, technologies like fused-deposition modelling are being employed to make parts and products. CNC machining works by cutting and drilling bits away from a block of material into its shape, whereas FDM technology builds from the bottom up.

Demand for automobiles is steadily expanding over the world. People nowadays prefer to go from one location to another in their own automobiles. By 2030, the global automobile industry is anticipated to reach US$ 8.9 trillion. Increased infrastructural activity is driving up demand for commercial vehicles. Grinding machines are widely used in the automobile industry, which owned 17.9% of the market in 2022. The automotive industry's grinding machine sales are expected to grow at a CAGR of 6%.
The expensive initial investment, however, is a limiting issue in this market.
Covid-19 Impact on Grinding Machinery Market
COVID-19 has had a detrimental influence on the demand for grinding machines. In terms of value, the year-over-year rise in 2020 was 18.2 percent lower. As building and non-essential production slowed across the world as a result of the epidemic, demand for grinding machines decreased.

In terms of value, demand for grinding machines is expected to grow at a CAGR of 5.9% over the forecast period. Thanks to government infrastructure spending and production-linked incentive schemes, the sector is recovering from the COVID-19 outbreak.
Segmentation Analysis
As they select where and when to restructure their global production base, manufacturers are utilizing digital capabilities to assist boost supply network awareness. Manufacturers may now automate this process and get real-time visibility into operations throughout a complex supply network by using a digital supply network (DSN).

Industrial manufacturing had the greatest market share in 2022, accounting for 24.5 percent, and is expected to account for 25.8 percent by 2029. Industrial manufacturing is expected to grow at a 6.4 percent compound annual growth rate (CAGR) until 2029.
Regional Insight
Europe is expected to have a market share of about 25.6 percent in terms of value during the forecast period. Grinding machine demand in Europe is expected to climb 9.1% year over year in 2022, defying early doubts about how the business would fare in the event of a global pandemic. The entire demand for grinding machines in Europe is expected to grow at a CAGR of 5.3 percent. In Germany, producers of cylindrical grinding machines have a considerable market share, which is expected to grow at a CAGR of 5.5 percent during the forecast period.

The United States now holds one of the world’s largest and most advanced manufacturing sectors, and this sector utilizes the most grinding machines by end-use industry. The automobile sector in the United States is a significant user of surface grinding equipment. Over the next 10 years, the US grinding machine market is expected to grow at a CAGR of 6.1 percent.

The market in Japan Over the forecast period, Japan is expected to grow at a CAGR of 5.9% in terms of value. Japan is expected to have a 13.2 percent market share in East Asia in terms of value. By 2029, it is expected that demand for grinding machines in the United Kingdom would account for 16 percent of Europe's total market value. By 2029, the UK market is expected to grow at a CAGR of 6.1 percent.

India: The Indian government's initiatives are helping to improve the industrial sector. As marketers begin to expand, the need for grinding machines will grow even more. The government's support for the building and infrastructure industries would boost the demand for grinding machines. By 2029, India is expected to account for more than 39% of the global market. The Indian market is expected to grow at a CAGR of 7.1 percent.

Report Objectives:

Landscape analysis of the Grinding Machinery Market
competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
The potential impact of micro-economic factors on the market
External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Grinding Machinery Market dynamics, structure by analyzing the market segments project the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Global Grinding Machinery Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.93 Bn.


Forecast Period 2023 to 2029 CAGR:
4.6%
Market Size in 2029:
US $ 6.76 Bn.


 Segments Covered:
by Control Types
Conventional
CNC


by Application
Automotive
Consumer Goods
Ship Building
Industrial Manufacturing
Others



Grinding Machinery Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Grinding Machinery Market Key Players
1. AMADA HOLDINGS
2. ANCA
3. DANOBATGROUP
4. DMG MORI
5. FALCON MACHINE TOOLS
6. DANOBAT
7. Junker
8. Körber AG
9. Gleason Corporation
10. Hybrid Manufacturing Technologies
11. JTEKT Corporation
12. ANCA Pty Ltd
13. Okuma Corporation
14. Kellenberger & Co. AG
15. Amada Machine Tools Co. Ltd
16. Erwin Junker Maschinenfabrik GmbH
17. Fanuc
18. Makino Milling Machine Co. Ltd
19. Toyoda Americas Corporation
20. 3M Company
21. KEHREN GmbH
22. Koyo Machine Industries Co., Ltd

Frequently Asked Questions

1. What is the projected market size & growth rate of the Grinding Machinery Market?
Ans- The market was valued at USD 4.93 billion in 2022 and is projected to reach USD 6.76 billion by 2029, growing at a CAGR of 4.6 % during the forecast period.

2. What are the key driving factors for the growth of the Grinding Machinery Market?
Ans- grinding machinery market is benefiting from the increase in the number of industrial and mining operations.

3. Which Region accounted for the largest Grinding Machinery Market share?
Ans- Europe accounted for the largest market share in 2022.

4. What makes USA a Lucrative Market for Grinding Machinery Market?
Ans- The automobile sector in the United States is a significant user of surface grinding equipment.

5. What are the top players operating in the Grinding Machinery Market?
Ans- AMADA HOLDINGS, ANCA, DANOBATGROUP, DMG MORI, FALCON MACHINE TOOLS, DANOBAT, and Junker.